Economics
Yellen Has Over 6 Million Reasons to Take Her Time Raising Rates
- Fed chair eyes policy experiment to squeeze labor-market slack
- Low rates could boost demand, increase hiring and investment
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Harry Elanko is one of the American workers in Federal Reserve Chair Janet Yellen’s petri dish.
Elanko, 62, from Fairfax County, Virginia, is holding down two part-time jobs as he seeks full-time work. His resume shows years of experience as a business administrator -- the kind of back-office guy who pays the bills and taxes and makes sure everything runs smoothly.